SmartCraft Group AB (publ) (SMCRT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of SmartCraft Group AB (publ) stock SEK 18.04, price SEK 16.40, upside +10.0%, quality 65 out of 100. Rating: fairly valued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
7‑month range kr 13.18 – kr 17.84 · fair‑value band kr 12.64 – kr 25.35 · the kr 16.40 price screens below the kr 18.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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SmartCraft Group AB (publ) provides software solutions to the construction industry in Norway, Sweden, Finland, and the United Kingdom.
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It offers software, including Cordel, a SaaS solution; Bygglet, a SaaS born in the cloud solution; EL-VIS, a solution comprising services in the electricians'daily operations; and Congrid, a cloud-based tool for project management.
It also provides Kvalitetskontroll, a cloud-based project management solution and quality assurance platform; and ELinn, a cloud-based solution for electricians to handle project management services.
The company offers its products under the HomeRun, Coredination, Locka, SmartCraft Sparx, SmartCraft Flow, and Clixifix brands. SmartCraft Group AB (publ)was founded in 1987 and is based in Gothenburg, Sweden.
Stock analysis
SmartCraft Group AB (publ) (SMCRT) currently trades at kr 16.40, while our model-based Fair Value estimate is kr 18.04, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Multiples group reads highest at a median of kr 13.70 per share, and 2 of the 22 models we run sit above the kr 16.40 price.
Bear case: the Earnings-Based group reads lowest at kr 4.91, and 20 of the 22 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 12.64 (bear) to kr 25.35 (bull), the price of kr 16.40 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SmartCraft Group AB (publ) reported revenue of 511M NOK in FY2025 versus 355M NOK in FY2022, a compound +13.0%/yr. Reported net income was 76.4M NOK in FY2025, compounding +1.8%/yr from FY2022.
Key figures
Market cap 2.7B SEK (≈ $270M) Micro · P/E ratio 34.2 · P/S ratio 4.54 · EPS (TTM) kr 0.4800 · Net margin 14.8% · Return on equity 9.3% · Return on assets (EBIT) 10.3% (4-year average) · Operating margin 16.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 10%, SMCRT screens cheaper than that median.
Fair Value models
Bearkr 12.64Fair Value kr 18.04Bullkr 25.35
Price kr 16.40 · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 0.4129 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.93/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.0%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−4.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.1%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.31% → 20%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in NOK, Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about +15.2% a year for the price.
Compare SmartCraft Group AB (publ) with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 621 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside+10.0% · Above median
Profitability
Return on equity (12 months)9.3% · Above median
Return on assets5.8% · Above median
Net margin (12 months)14.8% · Top 25%
Operating margin (12 months)16.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)7.7% · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)34.2× · Pricier than median
P/B2.64× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)4.54× · Pricier than median
Price / free cash flow (fiscal year)27.9× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "SmartCraft Group AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/SMCRT
Frequently asked questions
Is SmartCraft Group AB (publ) (SMCRT) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 18.04 versus a price of kr 16.40, about +10% upside (fairly valued).
What is the fair value of SMCRT?
Our model-based fair value for SmartCraft Group AB (publ) is kr 18.04 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 16.40.
What is the quality score of SMCRT?
SmartCraft Group AB (publ) has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SmartCraft Group AB (publ) (SMCRT)?
Our model-based price target is the fair value of kr 18.04 (as of Nov 8, 2026) from 22 valuation models. Cautious scenario kr 12.64, optimistic scenario kr 25.35. It is a calculation from audited fundamentals, not an analyst target.
What is the SmartCraft Group AB (publ) stock forecast for 2026?
Our models put fair value at kr 18.04, about +10% upside versus a price of kr 16.40 (fairly valued). Cautious scenario kr 12.64, optimistic scenario kr 25.35. The calculation is refreshed regularly with new filings.
What is the revenue of SmartCraft Group AB (publ) (SMCRT)?
SmartCraft Group AB (publ) reported trailing-twelve-month revenue of about 561M NOK (latest available figure, as of Nov 8, 2026).
What growth is priced into SmartCraft Group AB (publ) (SMCRT)?
For today's price to be fair in a discounted-cash-flow model, SmartCraft Group AB (publ) would have to grow free cash flow by +18.0 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +13.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of SMCRT use?
Our models discount SmartCraft Group AB (publ) at 11.0 %: a base by market capitalisation (micro), damped by beta 0.31, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For SmartCraft Group AB (publ) that is +18.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has SmartCraft Group AB (publ) (SMCRT) delivered so far?
Over the past 3 years revenue at SmartCraft Group AB (publ) grew +13.0 % a year. The price currently implies free-cash-flow growth of +18.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of SmartCraft Group AB (publ) (SMCRT) growing?
The median revenue growth in the sector is +16.8 % a year. That is the yardstick for the growth priced into SmartCraft Group AB (publ) (+18.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SmartCraft Group AB (publ) (SMCRT)?
The free-cash-flow yield on the price is 3.58 %: that much free cash flow SmartCraft Group AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SmartCraft Group AB (publ) (SMCRT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SmartCraft Group AB (publ) it is kr 18.04 per share (as of Nov 8, 2026), against a price of kr 16.40. It is the blended result of 22 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is SmartCraft Group AB (publ) stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SMCRT trades below its calculated fair value: price kr 16.40, fair value kr 18.04, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SMCRT?
No. The price is what the market pays today (kr 16.40); the fair value is what the company's own numbers justify (kr 18.04). For SmartCraft Group AB (publ) the two are kr 1.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is SmartCraft Group AB (publ) worth?
The market values SmartCraft Group AB (publ) at about 2.7B SEK (market capitalisation, as of Nov 8, 2026). Per share that is kr 16.40; our models calculate a fair value of kr 18.04 per share.
What do the bullish and bearish scenarios say about SMCRT?
Our models span a range for SmartCraft Group AB (publ): cautious scenario kr 12.64, base kr 18.04, optimistic kr 25.35 per share (as of Nov 8, 2026, price kr 16.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SMCRT?
SmartCraft Group AB (publ) trades at a price-to-earnings ratio of 34.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 18.04 is built from several models across several years. Other multiples: P/B 2.6, P/S 4.5, EV/EBITDA 21.6.
How solid is the balance sheet of SmartCraft Group AB (publ) (SMCRT)?
Balance-sheet figures for SmartCraft Group AB (publ) (as of Nov 8, 2026): return on equity 9.3%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
Which stocks are comparable to SmartCraft Group AB (publ)?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SmartCraft Group AB (publ) stock attractive at the current price?
The data as of Nov 8, 2026: price kr 16.40, calculated fair value kr 18.04 (+10%), Quality Score 65/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SMCRT calculated?
We run SmartCraft Group AB (publ) through 22 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 18.04 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. SmartCraft Group AB (publ) currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SmartCraft Group AB (publ) (SMCRT)?
The closing price on Nov 6, 2026 was kr 16.40. Our model-based fair value is kr 18.04, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SmartCraft Group AB (publ) right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (kr 12.64 to kr 25.35) leaves room in how you read the outcome.
Key figures of SmartCraft Group AB (publ)
How large is the market capitalisation of SmartCraft Group AB (publ) (SMCRT)?
The market capitalisation of SmartCraft Group AB (publ) is 2.7B SEK (≈ $270M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SmartCraft Group AB (publ) (SMCRT)?
The price-to-sales ratio of SmartCraft Group AB (publ) is 4.54 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SmartCraft Group AB (publ) (SMCRT)?
Earnings per share at SmartCraft Group AB (publ) are kr 0.4800 (price ÷ EPS = P/E 34.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SmartCraft Group AB (publ) (SMCRT)?
The net margin of SmartCraft Group AB (publ) is 14.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SmartCraft Group AB (publ) (SMCRT)?
The return on equity (ROE) of SmartCraft Group AB (publ) is 9.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SmartCraft Group AB (publ) (SMCRT)?
On an EBIT basis the return on assets of SmartCraft Group AB (publ) is 10.3% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SmartCraft Group AB (publ) (SMCRT)?
The operating margin of SmartCraft Group AB (publ) is 16.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SmartCraft Group AB (publ) (SMCRT)?
Revenue at SmartCraft Group AB (publ) is growing +7.7% versus a year earlier (3y avg +13.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SmartCraft Group AB (publ) (SMCRT)?
Earnings per share at SmartCraft Group AB (publ) are growing −4.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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Nov 8, 2026